Subject: File number S7-24-99 
Release #: 34-42-037
RIN: 3235-AH84
Author: GREGG GLASSER @ internet
Date: 10/28/99 8:00am
     
There is no question that the agency should not consider relaxing short 
selling rules.  There are millions of new investors coming on-line every day 
with simple PC's, and thousands of retail short sellers with sophisticated 
PC's and better access to information are taking the new, simple investor to 
the cleaners.  I personally as well as many friends and family members have 
experienced first hand what they can do.  For the last 18 months many of u 
have felt the wrath of a well orchestrated shorting of one of the stocks I 
hold.  Even with the regulations they are cleaning up taking the simple and 
even some of the experienced investors to the cleaners.
You should tighten the rules immediately and in very short order ban retail 
short selling altogether. If funds are not available to continue monitoring 
and enforcing the rules as they are, a better option for the long investor 
would be such a ban on retail short selling. If the voting public cannot have 
protection from illegal and manipulative practices that are going on now, let 
alone later, voters will hound Washington for relief and stricter regulation 
measures will then have to be taken. 
The average individual is now trying to make the best for their future as 
possible.  The ability to use the computer at home or work to monitor the 
every day movement of an investment puts John Doe closer to the investment 
arena.  The big problem is that there are short manipulators out there 
waiting to take every dime we have by using every tool possible to accomplish 
this task and in some cases even gloating over it in some of the stock chat 
rooms to boot.
It makes no sense to relax restrictions at a time, I believe, more stringent 
regulation measures should be adopted. If it is not done now, most probably 
it will have to be done later at a much, much higher cost to investors, 
voters, taxpayers and the Federal Government. 
     
GREGG C. GLASSER
3486 Cobia Cir.
Boynton Beach, Fl. 33437
Stoliorg@aol.com